Iceland’s Sameinaði, Stafir merge to create Birta pension fund

first_imgMembers of Icelandic pension funds Sameinaði and Stafir have approved the proposed merger of the two funds at extraordinary general meetings late last week, and the merged pension fund has been named Birta – the Icelandic word for ‘light’.The new fund held its inaugural meeting straight after the EGMs of Sameinaði and Stafir – which had been held in two halves of a divided conference room at the Grand Hotel in Reykjavik – at which it named the members of its 10-person supervisory board. Negotiations on the merger of Sameinaði and Stafir began in early May, and the boards of the two pension funds decided to go ahead formally with plans to join forces at the end of June.They said they believed the merger would result in a stronger organisation that had more expertise and more robust asset and risk management, as well as lower operating costs and improved services for the benefit of members.Among the first tasks the pension fund will be tackling, Sameinaði said, is the recruitment of a chief executive and finding a building to house its headquarters.The merger partners aim to have the new pension fund operational under the Birta name by the end of this year, with all staff physically working under one roof.The merged pension fund’s supervisory board members on behalf of employees are Gylfi Ingvarsson, Jakob Tryggvason, Unnur María Rafnsdóttir, Viðar Örn Traustason and Sameinaði chairman Thorbjorn Guðmundsson.For employers, the board members are Stafir chairman Anna Guðný Aradóttir, Davíð Hafsteinsson, Guðrún Jónsdóttir, Ingibjörg Ólafsdóttir and Jón Bjarni Gunnarsson. Birta board members (from left): Gylfi Ingvarsson, Anna Guðný Aradóttir, Þorbjörn Guðmundsson, Jakob Tryggvason, Ingibjörg Ólafsdóttir, Unnur María Rafnsdóttir, Guðrún Jónsdóttir, Jón Bjarni Gunnarsson, Viðar Örn Traustason and Davíð Hafsteinsson.Birta will be the fourth-largest pension fund in Iceland, with more than 18,000 active members and net assets of about ISK310bn (€2.4bn), which equates to around one-tenth of the total assets of all pension funds in the country.last_img read more

Pan Am Olympic champ Thompson wins 100m, BVI land first-ever gold

first_imgLIMA, Peru (CMC) – Reigning Olympic double sprint champion, Elaine Thompson, added yet another title to her collection when she stormed to victory in the women’s 100 metres at the Pan American Games here Wednesday.Running out of lane five, Thompson initially struggled to get clear of the field before pulling away after 60 metres to cross the line in a time of 11.18 seconds, in chilly conditions at the athletics stadium.Trinidadian Michelle-Lee Ahye took silver in 11.27 while Brazilian Vitoria Cristina Rosa finished with bronze in 11.30.“It was cold but I know everyone out there was cold. I just came out here to use this as preparation for the world championships,” Thompson said afterwards.“It’s my first time (here). I don’t think there is anything wrong with being a high profile athlete here representing myself and my country.”Jamaican Natasha Morrison was sixth in 11.40 and Trinidadian Kelly Ann Baptiste last in 11.52.Thompson’s success was one of two gold for Jamaica on Wednesday, as Natoya Goule snatched gold in the 800 metres in two minutes 01.26 seconds.Cuban Rose Mary Almanza Blanco finished second in 2:01.64 while Uruguay’s Deborah Rodriguez took bronze in 2:01.38.Barbadian Sade Sealy missed out on a podium finish when she came in fourth in 2:02.23, Trinidadian Alena Brooks was sixth in 2:02.75 while another Barbadian, Sonia Gaskin, finished last in 2:05.68.There was disappointment for the English-speaking Caribbean in the men’s 100 metres final as only Antiguan Cejhae Greene cracked the top three when he took bronze in 10.40 seconds.American Michael Rodgers won gold in 10.09 with Paulo Andre de Oliveira of Brazil nailing silver in a time of 10.16.Earlier Tuesday, Jamaican Fedrick Dacres successfully defended his Pan Am title when he won the men’s discus in a championship record throw of 67.68 metres.The 25-year-old, who also captured gold at the Commonwealth Games in Gold Coast last year, threw the winning mark on his second attempt.American Reginald Jagers was second with 64.48 while Cuban Jorge Fernandez finished with bronze with 64.24.Chantel Malone, meanwhile, pulled off an upset in the women’s long jump when she beat Olympic champion Colombian Caterine Ibargüen to deliver British Virgin Islands’ first-ever Pan Am gold medal.The 27-year-old measured 6.68 metres on her first attempt as Ibargüen struggled and finished fifth with 6.54.American Keturah Orji captured silver with a leap of 6.66 while Jamaica’s Tissanna Hickling was third in 6.59.last_img read more